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Fly News Breaks for January 31, 2020
ALGN, STAA
Jan 31, 2020 | 07:46 EDT
Benchmark analyst Bruce Jackson attributes concerns about China as the cause of yesterday's 6.6% slide in shares of Staar Surgical (STAA), adding that cautious commentary from Align Technology (ALGN) on China may have been a contributing factor. The first quarter is typically a seasonally weak quarter for Staar in China, according to Jackson, who "wouldn't be overly concerned at this juncture" and sees no change to the fundamentals as of today. However, increased volatility seems likely until the scope and duration of the outbreak are fully known, added Jackson, who keeps a Buy rating on Staar shares.